IV 

114TH CONGRESS 

2D SESSION H. RES. 591 

Commending the cooperative owners and the employees of the Farm Credit 

System for their continuing service in meeting the credit and financialservices needs of rural communities and agriculture. 

IN THE HOUSE OF REPRESENTATIVES 

JANUARY 28, 2016 

Mr. CONAWAY (for himself, Mr. PETERSON, Mr. AUSTIN SCOTT of Georgia, 

and Mr. DAVID SCOTT of Georgia) submitted the following resolution; 

which was referred to the Committee on Agriculture 

RESOLUTION 

Commending the cooperative owners and the employees of 

the Farm Credit System for their continuing service in 

meeting the credit and financial-services needs of rural 

communities and agriculture. 

Whereas the Farm Credit System was established by Congress through the Federal Farm Loan Act of 1916, 

signed into law on July 17, 1916, by President Woodrow 

Wilson, making 2016 the centennial anniversary of the 

founding of the cooperatively owned and operated Farm 

Credit System; 

Whereas recognizing that a prosperous, productive agricultural sector is essential to a free Nation, Congress declared through the Farm Credit Act of 1971, as amended, that the Farm Credit System be designed as a permaVerDate Sep 11 2014 22:45 Jan 28, 2016 Jkt 059200 PO 00000 Frm 00001 Fmt 6652 Sfmt 6300 E:\BILLS\HR591.IH HR591

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•HRES 591 IH 

nent means to support the well-being and prosperity of 

the Nation’s rural communities and agricultural producers of all types and sizes; 

Whereas Congress designed the Farm Credit System as a 

network of cooperatives, independently owned and controlled by its borrowers, responsive to their individual 

needs for credit and financial services and continually 

adapting to meet the changing needs of rural communities and agriculture; 

Whereas the Farm Credit System today plays a vital role in 

the success of United States agriculture and the economic vibrancy of rural communities throughout all 50 

States and Puerto Rico, providing more than 

$210,000,000,000 in loans to more than 500,000 customers; 

Whereas the Farm Credit System actively supports the next 

generation of agricultural producers by annually providing billions of dollars of loans to young and beginning 

farmers and ranchers and through its ongoing financial 

support for organizations like 4–H and Future Farmers 

of America; and 

Whereas Congress has provided for the appropriate safety 

and soundness oversight of the Farm Credit System 

through the Farm Credit Administration, an independent 

Federal agency, whose operating costs are funded by the 

System and for the protection of investors in System 

bonds through the Farm Credit System Insurance Corporation funded by premiums paid by the Farm Credit 

System: Now, therefore, be it 

1 Resolved, That the House of Representatives— 


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•HRES 591 IH 

1 (1) commends the cooperative owners and the 

2 employees of the Farm Credit System for their con3 tinuing service in meeting the credit and financial4 services needs of rural communities and agriculture; 

5 and 

6 (2) expresses its confidence and support for 

7 Farm Credit continuing its mission of providing reli8 able, consistent credit to the United States rural 

9 communities and agriculture into the future. 

Æ 


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